FLC

This fund is currently offering investors a distribution of 8.6%+.The utility sector has been rather weak and even on a YTD basis has performed poorly.This poor performance has left the valuations of the underlying to become that much more attractive - especially in the next downturn.

This is a report that I will be compiling each month broken down by sector and category.In this part I cover munis, preferreds and high yield.Part II will come out later.Each investor will need to assess whether they want to swap an existing CEF into one of these options.